Financial Forum Podcast

Ep 21: Things People Think They Know (But Don’t!)

When it comes to your financial plan, are your plans based on financial expertise or your assumptions? It’s hard to recognize our own weaknesses or deficiencies, but in reality, there are many key areas where people trip up.


Read more and get additional resources here: 


Today's rundown: 

1:11 - How much income do I truly need in retirement?

3:15 - How much investment risk should we be taking?

5:44 - How do I address possible long-term care expenses?

7:15 - Won’t I pay less in taxes in retirement?

Ep 20: The Different Stages of Retirement Planning

Building a retirement plan takes time, but your focus should start to narrow as you move closer to that big day. On this episode, we’re going to look at the different stages of planning from 15 years out all the way until that transition into retirement. Find out what you should be doing at each stage along the way.


Read more and get additional resources here: 


Today's rundown: 

0:18 – Let’s talk about the different stages of retirement.

1:07 – What should you be thinking about around 50 when you’re 15 years out?

3:30 – Now you’re 10 years out. What should you be considering?

5:37 – This is the time you want to start thinking about your potential retirement age.

7:39 – 5 years away from retirement. This is maybe the most crucial period.

10:10 – Keep in mind that inflation and taxes need to be a part of your retirement plan.   

11:56 – It’s now your retirement day. Here’s what has to be done.

13:46 – Is planning over now that we’ve retired?

Ep 19: Cold Hard Cash

We all like to check our bank account and see a healthy number staring back at us, but at what point do you have too much cash on hand? Today we want to focus on the benefits of having cold, hard cash but also why it’s important to understand that too much cash will bring your portfolio down over time.


Read more and get additional resources here: 


Today's rundown: 

0:44 – What are the most common needs for cash that requires you keeping it in your bank account?

2:43 – Then what’s the problem with having too much cash?

3:59 – How do you help clients determine how much cash they need?

6:37 – What makes people obsess over a certain amount of cash?

8:03 – In what ways can clients invest cash but keep it out of the market to avoid the volatility?

8:49 – Fixed index annuities might be an option.

Ep 18: Mutual Funds 101

Mutual funds have long been a popular investment choice for people everywhere for a number of reasons, but is the landscape changing? We’ll explore the basics of mutual funds by explaining the key terminology associated with the investment and talk about the future of funds as a part of retirement strategy.


Show notes and additional resources: 


Today's rundown: 

0:41 – What percentage of our clients have mutual funds when they first meet us?

1:37 – Tell us what ‘expense rations’ means and why is it important?

3:31 – What about a ‘loaded’ mutual fund? What’s the difference between frontloaded and backloaded?

6:13 – Are there any tax issues that mutual funds can create for an investor?

7:40 – ETFs are becoming more popular. Here’s how they’re different than mutual funds.  

9:31 – How often does Chris utilize mutual funds in client portfolios?

Ep 17: Do These Current Events Matter for Retirement Planning?

Depending on who you ask, 2020 could be quite eventful. The year has already gotten off to busy start both nationally and globally, and we’ve gotten questions from people wondering how their retirement portfolios will be affected by the events around us. Let’s look at the top headlines for this year and whether they matter for your finances.


Show notes and additional resources: 


Today's rundown: 

0:17 – Does it matter? That’s our focus today.

0:45 – How much should we be worried about the upcoming election?

2:48 – The health insurance marketplace.

4:25 – The trade war with China.

6:16 – Social Security and the uncertain future.

8:01 – The future of the market.

Ep 16: Are You Sabotaging Your Own Retirement?

When it comes to money, there are so many things that we have no control over. So why would we not take care of the things that are within our control? Today we talk about the ways people sabotage their own retirement and what you can do to avoid making the same mistakes.


Show Notes and Additional Resources: 


Today's Rundown: 

0:17 – We’re talking about self-sabotage and how we get in our own way.

1:00 – First thing we do is obsess over the short term ups and downs of the market.  

3:33 – Social Security is another major one. We sabotage ourselves by turning it on at the wrong time.

5:21 – We don’t think we’ll need nursing home care or feel it’s too far down the road.  

7:01 – You assume you’ll love your job forever just because it’s great now.

9:32 – Final one is not identifying how much you’ll need to spend in retirement to maintain your desired lifestyle.

Ep 15: 5 Variables that Shape Your Retirement Plan

Retirement will look and feel different for everyone because each of us have different variables to consider. These variables make it a little more difficult to plan but that what makes the process more fun. On today’s show, we’ll explain why answers to these critical retirement questions vary from person to person.  


Show Notes and Additional Resources: 


Today's Rundown: 

0:17 – Let’s talk about retirement variables today.

0:43 – Variable No. 1: How much income do I need?

2:53 – Variable No. 2: How much will we have to pay in taxes?

5:01 – Variable No. 3: How long should we expect to live?

6:46 – Variable No. 4: When should I start Social Security?

8:12 – Variable No. 5: How much money should I have at risk in retirement?

Ep 14: Financial Fortune Cookies

Think about those fortune cookies you crack open at the end of a Chinese dinner as you await that small bit of wisdom inside. We always apply those fortunes to our life, but what if we took those and used them for financial guidance?


Show Notes: 


On This Episode: 

0:17 – What we do for lunch around the office and why it relates to our topic.

1:48 – First fortune: Crisis is opportunity riding on a dangerous wind.

3:47 – Next fortune: A feather in the hand is better than a bird in the air.  

5:27 – Next fortune: Accept something that you cannot change and you’ll feel better.

6:47 – Next fortune: The greatest danger could be your stupidity.

8:10 – Next fortune: A foolish man listens to his heart.

9:46 – Next fortune: Hard work pays off in the future. Laziness pays off now.

Ep 13: A Message to the Good Savers

Even for people who have been very responsible with their money over the years, entering retirement can still be a challenge because it’s such a different stage of life. Let’s discuss some of the areas where savers might make a few missteps so you’ll be better prepared in retirement.


Show Notes: 


On this episode: 

0:17 – What we’re talking about on this show and why.

1:00 – First mistake: Too much in cash.

4:45 – Next mistake: Taking on too much risk.

6:43 – Next mistake: Not being prepared for the ticking tax time bomb.

9:14 – Final mistake: Savers don’t spend enough.

Ep 12: Financial Lessons Learned from Classic Fables

Some of our earliest life lessons came from stories passed down from generation to generation. These classic fables have stood the test of time because the moral of each story can be applied to nearly every aspect of our lives to teach us what’s most important. We’re going to take four classic fables and find out how they apply to financial planning on this episode.


Show Notes:


Today's Rundown: 

0:17 – Today we’re taking classic fables and applying them to financial planning.  

0:41 – First fable: The Miser and His Gold

4:02 – Next fable: The Man and His Two Wives

6:46 – Third fable: The Tortoise and the Hare

10:26 – Final fable: The Dog and His Shadow

Podbean App

Play this podcast on Podbean App